Katherine Colosimo - Sun Life Financial advisor

How much life insurance is the right amount? A general rule is at least 10 times your annual income. So, if you earn $70,000, you’d be looking at $700,000 in coverage. But simply put, the answer depends on your unique situation. Here’s an example:

Jackie is a 33-year-old married mother of two. She has three goals for her life insurance. She wants money left for her family to:

• Pay off her $300,000 mortgage
• Top up her two children’s registered education savings plans (RESP)
• Replace her $60,000/year income

Based on these goals, Jackie is looking at a $1-million policy. If she died her family could spend the money from her insurance payout by:

• Putting $300,000 toward the mortgage
• Adding $100,000 to the kids’ RESPs ($50,000 is the maximum amount you can contribute to an individual RESP).
• Using $600,000 (her annual earnings times 10) to cover day-to-day expenses over the years.

Don’t wait to make sure your family is properly protected. Contact me today.

How much life insurance do you need? (video) How much life insurance is the right amount? Simply put, the answer depends on your unique situation. Watch now.

Do you find it harder to stay active in the winter? There are still a lot of great ways to get your exercise in and on a budget as well.

8 tips to stay fit and healthy this winter Temperatures are dropping, but you don’t have to drop your fitness goals. Here’s how to stay healthy, active and in shape throughout the winter.

Are you a single parent or the sole earner in your household? If so, life insurance is even more important.

Want to learn how you can protect your family? Let’s connect to discuss how a life insurance policy helps secure your children’s financial future.

Why is life insurance so important for moms? (audio) Whether you’re a single mom or the main provider in your household, life insurance can secure your family’s financial future. Here’s how.

There are four million Canadians still working from home. As companies outline the future of work, one expert says, they shouldn’t assume everyone prefers to work from home. The flexibility is great, avoiding congestion, long commutes and more family time. However, there’s the social aspect of work that is no longer present.

I want to know, do you prefer to fully work from home 👍, fully in the office 👏 or half and half 🥰?

'Not a cookie-cutter solution': Why remote work doesn't work for everyone | CBC Radio Many workers are enjoying the flexibility to work in pyjamas. But for those who crave the social aspect of working next to colleagues — or the routine that a 9-to-5 office job offers — the switch to working from home has impacted both their mental and physical health, says Laurent Lapierre.